Tod's Group and L Catterton Sign Deal to Delist from Italian Stock Exchange or Merge
/ Anne EnkeOn Super Bowl Sunday, the Tod’s-LVMH decades-long business connection went into high gear with news that Tod’s Diego Della Valle, his brother Andrea Della Valle and the LVMH-backed private equity firm L Catterton have entered an agreement involving the launch of a tender offer at €43 per Tod’s share. The goal of delisting Tods’Group from the Italian stock exchange is in sight.
Today’s financial offer will leave the Della Valle Family with a 54 percent stake in Tod’s Group capital and assets; L Catterton will indirectly own 36 percent and Delphine SAS [a fully-owned subsidiary of LVMH] will retain a 10 percent stake.
Tod’s first announced a desire to delist its company from the Italian stock exchange in August 2022. That effort failed in October 2022, when a bid launched solely by the Della Valle family failed to reach the 90% threshold required to delist.
Anne of Carversville wrote days ago about about our growing understanding of the management style of LVMH/Bernard Arnault-trained executives. The trees planted have deep roots that bear premium fruit with long-term alliances, strong interpersonal friendships, trust and loyalties. It’s impressive.
Read More60% of Etro Acquired by LVMH-Backed L Catterton | Etro Resort 2022 Collection
/ Anne Enke60% of Etro Acquired by LVMH-Backed L Catterton | Etro Resort 2022 Collection AOC Fashion
Etro shares its Resort 2022 Lookbook, styled by Geraldine Saglio. Models Adit Priscilla, Ash Foo. Olivia Vinten and Rolf are lensed by Ferry van der Nat [IG] with creative direction by Macs Iotti./ Hair by Marco Braca; Luciano Chiarello
On Sunday, the Italian fashion company Etro made an announcement about its future.
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